Zurich-based Direct Air Capture (DAC) carbon removal company Climeworks announced today that it has signed an agreement with Morgan Stanley to permanently remove 40,000 tons of CO2 through 2037. DAC technology extracts CO2 directly from the atmosphere for use as a raw material or permanent removal when combined with storage. According to Intergovernmental Panel on Climate Change (IPCC), scenarios that…
Investment data and research provider MSCI announced today the appointment of Dr. Richard Mattison as Head of ESG and Climate, responsible for leading the firm’s ESG and Climate product development and business strategy. Mattison joins MSCI after serving as President of S&P Global’s sustainability unit, Sustainable1, and as CEO of carbon and environmental data and risk analysis company Trucost, acquired…
Environmental Health & Safety (EHS) and sustainability platform provider Benchmark Gensuite announced today the launch of Responsio, a new AI-based solution aimed at enabling organizations to meet increasing requests for ESG, sustainability, and EHS data. According to Benchmark Gensuite CEO R. Mukund, the new solution comes as “organizations are tasked with a growing number of ad-hoc ESG and EHS data…
The European Commission announced today that it has selected 85 decarbonization technology-focused projects to receive €4.8 billion in grants utilizing funds raised through its EU Emissions Trading System (EU ETS). Established in 2005, the European Emission Trading System puts a price on carbon emissions for key GHG intensive sectors, including electricity and heat generation, oil refineries, steel, cement, paper, chemicals,…
Water management and services provider Saur announced that it has priced its inaugural blue bond for €550 million to finance initiatives related to sustainable water management. Based in France, Saur operates in 20 countries, with services including providing drinking water, purifying wastewater, and developing water management infrastructure. The company is the first French corporate and first European water utility to…
Logistics giant DHL and International Airlines Group’s (IAG) cargo handling business IAG Cargo announced today an expanded agreement, with IAG Cargo to use an additional 60 million liters of sustainable aviation fuel on behalf of DHL Express and DHL Global Forwarding to cover 2024 and 2025 emissions. The companies said that the new deal makes the partnership the largest SAF…
The Impact Disclosure Taskforce, a group consisting of some of the world’s largest finance and investment companies, announced today the release of its final voluntary Impact Disclosure Guidance, aimed at helping businesses and governments to measure and report their efforts and progress to advancing the UN Sustainable Development Goals (SDGs), in order to facilitate the capital flows needed to meet…
New York City Comptroller Brad Lander announced a new proposal to expand the city’s pension funds’ fossil fuel investment exclusion policy by ceasing future private market investments in midstream and downstream fossil fuel infrastructure. New York City’s pension funds represent over $200 billion in assets, and include the New York City Employees’ Retirement System (NYCERS), Teachers’ Retirement System (TRS), and…